TechFlow News — On June 26, Bitget announced a collaboration with Foresight Ventures to launch a $20 million TON Ecosystem Fund aimed at supporting early-stage projects built on The Open Network (TON) and fostering innovation and development within the TON ecosystem.
This initiative marks Bitget's latest strategic move following the May launch of its Telegram Signal Bot. Bitget Wallet, as the on-chain extension of the Bitget ecosystem, has completed integration with the TON mainnet and added support for TON Connect, enabling users to connect seamlessly to TON-based DApps. Additionally, Bitget Wallet has launched a dedicated Tap2Earn section featuring a curated collection of Tap2Earn projects within the TON ecosystem.
According to Delphi Digital, the growth of the TON ecosystem has been fueled by Telegram’s massive user base of 900 million, resulting in daily active addresses on TON surpassing those on Ethereum. Driven by the emergence of new projects and assets such as STON.fi, DeDust.io, and TON-USDT, the TON ecosystem’s total value locked (TVL) has grown more than fivefold over the past two months, reaching $600 million. As per Tether’s official transparency page, the authorized issuance of USDT on the TON blockchain has risen to approximately $580 million, making TON the sixth-largest public chain for USDT issuance after TRON, Ethereum, Solana, Avalanche, and Omni.
